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***Reporting Value on Customs Declarations***

August 22, 2006 | 01:59PM PST/PT


Postal administrations in several international countries have contacted the United States Postal Service about the declaration of value placed on customs forms. They have noted that in many cases, the declared value is understated when compared to the actual invoice or known value of the item, especially for sales conducted over the internet. While this applies to sellers both on and off eBay, the USPS has asked us to remind our sellers to declare the proper value on all customs forms.

The correct value of each item is required on customs forms as it helps determine the proper duties and taxes, and whether they should be applied. Some countries will soon begin taking steps to address this issue, such as levying fines on the addressee when the declared value is determined to be lower than the invoice.

To make sure you're complying with international regulations, please make sure the stated value on your customs declaration is supported by your invoices or other documentation.

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